| Goldman Sachs Group Inc. (GS) forecast commodities will return 5 percent this year as it lowered its outlook to “neutral,” citing recent gains in prices and risks in the U.S. The gain in the Standard & Poor’s GSCI Enhanced Commodity Index will include 7 percent for precious metals, 6.5 percent for energy and 5 percent for livestock, the bank said.
The U.S. reached its $16.4 trillion borrowing limit on Dec. 31, and policy makers are still struggling to resolve their differences over the budget after agreeing to avert more than $600 billion in automatic tax increases and spending cuts that were due to start this year...............................................Full Article: Source
|